scenarios, page-28

BC,

I noticed that myself. Last sale was at around 15 cents. The question here is who are the majority holders, are they risk adverse or risk takers.

Sparc convertee's need to realise that mass conversion will damage the sp potential for a very long time. I say this, as there are so many other convertible issues on offer, that there would be little demand for the ords, as dilution will be on the back of every purchasers mind.

Therefore, I won't be rushing out to buy Sparc's, because if the damage is done in May, there will be little incentive for the company to rollover in November and you just might end up dilluting yourself further if you held.

BBi may just then decide to make asset sales that are needed to make the banks happy (if possible) and then Beppa conversion comes crashing over the top in 2012. This is just as possible a scenario as any other, as always time will tell.

Cheers